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CUNA and NAFCU are now America's Credit Unions.

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March 14, 2024

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February Economic Update provides deep dive into macro economy ([link removed] )

The America’s Credit Unions February Economic Update is now available, featuring a breakout session from the 2024 Governmental Affairs Conference (GAC). The presentation was led by America’s Credit Unions Economic Research Team: Mike Schenk, Dawit Kebede, Ligia Vado, and Curt Long. The session begins with an update from Schenk stressing the importance of advocacy at …

Nussle to Congress: CFPB supervision of nonbank payments providers should go further ([link removed] )

America’s Credit Unions supports the bureau’s proposed rule to place “larger participants” digital payments providers under its supervisory authority America’s Credit Unions told a House subcommittee on Wednesday. America’s Credit Unions submitted comments in conjunction with a House Financial Services Digital Assets Subcommittee hearing on the proposal. “Our members do not want to discourage innovation …

Nussle: Credit union tax status is a responsibility to consumers ([link removed] )

The credit union tax status is a responsibility for credit unions to put people over profits, America’s Credit Unions President/CEO Jim Nussle wrote in American Banker. Nussle highlighted that—despite bank falsehoods—the data shows the reality behind the credit union difference. “Credit union members saw more than $21.5 billion in economic benefits from September 2022 to …

Credit union-backed candidates win in Mississippi ([link removed] )

America’s Credit Unions PAC and the Mississippi Credit Union Association were involved in five primaries in Mississippi Tuesday, with all credit union-backed candidates winning their races. In California, America’s Credit Unions PAC and California Credit Union League-backed Rep. David Valadao, R-Calif., advanced in last week’s Super Tuesday primary, he will face Democrat challenger Rudy Salas …

SBA issues change for PPP loan forgiveness application process ([link removed] )

The Small Business Administration (SBA) Wednesday announced it was making changes to its Paycheck Protection Program (PPP) loan forgiveness application process. The changes “allow all PPP borrowers to apply for loan forgiveness through the SBA PPP Direct Forgiveness Portal, regardless of their loan size or Lender.” It also requires all lenders to process forgiveness applications …

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